noun
- A person appointed by a testator to carry out the terms of the will. .
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EXECUTOR is a legal entity, frequently an individual, known before death to a testator, who is named in the testator's will to carry out the desires of the deceased after his death as designated in the will. Executors must be approved by the court of law probating the will. An executor pays all indebtedness as claimed by creditors of the estate, with the approval of the court of law, and then carries out or executes the will according to the terms set forth by the testator.
Agent is a person or institution that handles business and financial transactions between two other people, or between a person and an institution, is described as an agent. The person or institution that authorizes the action is the principal. For example, a brokerage firm employee who acts on your order to buy or sell stock is your agent in that trade, and you are the principal. Agents, particularly those working for brokerage firms, may also be referred to as financial consultants, account executives, registered representatives, or investment executives.